On October 28, WEICHAI POWER recorded an Intraday Rise of 3.06% in Regular Trading, with the shares trading at HK$25.52 and turnover of HK$405 million.
The most directly relevant recent disclosure showed JPMorgan Chase & Co. reduced its holding in WEICHAI POWER by about 1.04 million shares on October 21 at an average price of about HK$25.16 per share, involving roughly HK$26.24 million. After the transaction, its holding stood at about 174 million shares, or 8.95%.
That transaction does not point to a uniformly negative read. Just one day earlier, JPMorgan had reiterated an overweight view, saying valuation and dividend yield remained attractive and noting the company had raised shipment targets for AIDC diesel and gas engines. Separately, the controlling shareholder had earlier disclosed cumulative A-share purchases of 7.923 million shares for about RMB200 million, providing additional support in the broader backdrop ahead of the company’s October 29 nine-month results review.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
Comments